IRS Changes the Government Does NOT Want You to Know About!
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 16 November 2022
⏱️ 30 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | Big RS changes that you can use to grow your wealth. |
| 0:04.4 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:11.3 | investing, taxes. You've got financial questions, he's got financial answers. It's Brian Preston, |
| 0:18.4 | the money guy. |
| 0:20.2 | Brunt, I am so excited about this show because there's two things that we love. One of them is |
| 0:25.6 | helping people figure out how to build wealth, how to grow their army of dollar bills. The second one |
| 0:31.0 | is saving money on taxes. I feel like what we're going to talk about today is going to combine |
| 0:34.9 | both of those two things. |
| 0:36.2 | I think it's interesting. Go back a few years, 2017, big debate in Washington over tax policy. |
| 0:44.7 | Big tax cuts came out and it was, look, it's divisive. |
| 0:49.2 | Sure. Because some people get upset, some people are excited about it because it delves into |
| 0:54.0 | that whole political arena. But I find interesting about these inflation adjustments because |
| 0:59.3 | huge changes and we're going to share it all with you today. There's no fighting, there's no |
| 1:04.6 | battling. It's just now you're going to be able to do more with the contribution. Now, look, |
| 1:10.5 | there's a bad side to this. Inflation is horrible. I want to make sure I remind everyone |
| 1:17.5 | that inflation, if you're not letting your money work for you, it actually can work against you |
| 1:23.3 | on what your purchasing power is being diminished with every dollar that you hold if you're not careful. |
| 1:28.0 | But in the mean top, we had to at least talk about some of these big changes because people, |
| 1:33.2 | I already heard people debating clickbait versus clickable. Yeah, sure. Sure. |
| 1:38.0 | Sure. And when we said the government doesn't want you to know about this, there's a reason for |
| 1:43.2 | this, guys, because if you're not proactive with your finances and your decisions on some of these |
| 1:48.1 | key accounts, the government is going to be very happy if you just let the status quo happen to you. |
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